Viz Branz

ValueBeliever · 10-07-2012, 06:41 PM

(10-07-2012, 06:01 PM)psolhawk Wrote: Buddies here should not be overly optimistic at any announcement/rumor/expectation. Superior multi-packaging just fell flat on its nose.

Quote: http://info.sgx.com/webcorannc.nsf/Annou...endocument
The Company notes that the trading volume and the Company's share price have been trending upwards. The Company would like to inform shareholders that it has been notified by a substantial shareholder of an approach by a third party in a possible share transaction involving the sale of the latter's shares in the Company which may or may not lead to an offer being made for the shares of the Company.
Shareholders should note that the approach is on an entirely non-binding basis and there is no assurance that any definitive or binding agreement will be executed or any transaction will be consummated in connection with the approach.

You're very right, with Superior due for a big fall tomorrow!! Yeaks! These days better dont anyhow trust Major Shldrs - may be they also petronise our Casino and lost a big chuck of their wealth and now they also make this kind of funny - monkey business.

Tomorrow dont know how many people will jump from Superior. SGX really a Casino market!!

dydx · 10-07-2012, 07:43 PM

Obviously there is certain amount of risk by reacting to and betting based on an announcement made and relating to a potential GO, which I believe is a requirement on a listed company under the SGX rules, triggered by a rise in its share price by a certain %. The BOD including the IDs are responsible to abide by such disclosure rules. Whether the approach by a suitor and the negotiation process that follows would lead to an eventual binding agreement and a GO, it will depend on many factors, including whether indeed there exists a willing buyer and a willing seller, as well as whether they can reach an agreement on a price acceptable to both sides, and any other conditions. All these may mean a touch-and-go process that may take some time to reach a conclusion, which may be either a deal or the 2 sides parting way. Unfortunately, this is the case for SupPack, but it doesn't mean the company's business and assets are no good. IMHO, SupPack has a sustainable regional business operation and good manufacturing assets, and therefore there is long-term investment value in the business and the stock.

On Viz Branz, it is quite reasonable to assume that at the right price Senior Chng can become a willing seller of his 38.25% block of shares, bearing in mind he is already 67 years old, and no longer heads the senior management team. We must not also forget that Viz Branz's established business is a strong cash cow and therefore a desirable one to own. I suppose shareholders will just have to wait and allow time for the negotiation process to run its course.

**CityFarmer** · 10-07-2012, 08:34 PM

(10-07-2012, 07:43 PM)dydx Wrote: Obviously there is certain amount of risk by reacting to and betting based on an announcement made and relating to a potential GO, which I believe is a requirement on a listed company under the SGX rules, triggered by a rise in its share price by a certain %. The BOD including the IDs are responsible to abide by such disclosure rules. Whether the approach by a suitor and the negotiation process that follows would lead to an eventual binding agreement and a GO, it will depend on many factors, including whether indeed there exists a willing buyer and a willing seller, as well as whether they can reach an agreement on a price acceptable to both sides, and any other conditions. All these may mean a touch-and-go process that may take some time to reach a conclusion, which may be either a deal or the 2 sides parting way. Unfortunately, this is the case for SupPack, but it doesn't mean the company's business and assets are no good. IMHO, SupPack has a sustainable regional business operation and good manufacturing assets, and therefore there is long-term investment value in the business and the stock.

On Viz Branz, it is quite reasonable to assume that at the right price Senior Chng can become a willing seller of his 38.25% block of shares, bearing in mind he is already 67 years old, and no longer heads the senior management team. We must not also forget that Viz Branz's established business is a strong cash cow and therefore a desirable one to own. I suppose shareholders will just have to wait and allow time for the negotiation process to run its course.

I agreed with dydx's assessment except that i would like to highlight that we should not under-access the emotional factor between the father and the son.

The 1st party that give up and sell his shares may be taken as loser in the battle? Base on the past history between the senior Chng and junior Chng, it is probably not the time to call it a day yet.

Anyway, no one is sure on outcome. I wish all shareholders a happy ending with a lucrative GO in near future... Big Grin

pianist · 10-07-2012, 11:30 PM

i saw in the recent AR that the younger Chng was holding the torch as a torch bearer.so young so energetic, i doubt he will be the seller.

ValueBeliever · 11-07-2012, 12:53 PM

Good that SGX suspend Viz Branz otherwise its another fiasco again like Superior!

This Rule 703 is not at all transparent to minority with just warning and swing of the share is so volatile. Dont really know what is happening? Is it GO, RTO?

SGX needs to protect the public at large by reprimand and or make it a criminal case if all these announce proof to be scam to ripe off the minority shldrs.

I see that Super valuation is high (approx 20PE) with Viz Branz reflecting almost the same except in price/revenue (viz is only 1/2 of Super). This is the only comfort at this price?

corydorus · 11-07-2012, 01:26 PM

err what suspend ? Is trading in my screen right now.

yeokiwi · (This post was last modified: 11-07-2012, 01:47 PM by yeokiwi.)

(11-07-2012, 01:26 PM)corydorus Wrote: err what suspend ? Is trading in my screen right now.

There is a short 30min suspension to clarify the Business Times Article.

Reference is made to the Company's announcement dated 10 July 2012 entitled "Non-Binding Approach in
relation to Possible Share Transaction by a Substantial Shareholder" and The Business Times article entitled
"Major Viz Branz Shareholder Gets 'Buy More' Offer" dated 11 July 2012.
The Company would like to clarify that the possible share transaction by a substantial shareholder referred to
in its announcement of 10 July 2012 involves the possible sale of such substantial shareholder's shares to the
third party which may or may not lead to an offer being made for the shares of the Company.
The Company would again emphasise that the approach from the third party is on an entirely non-binding
basis and there is no assurance that any definitive or binding agreement will be executed or any transaction
will be consummated in connection with the approach.
Shareholders are therefore advised to refrain from taking any action in respect of their shares in the Company
which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.

The more they clarify, the higher the share price.
越描越红。

dydx · 11-07-2012, 09:56 PM

Today (11Jul12), Viz Branz closed at an all-time high of $0.67, up another $0.04, with a high 2009 lots transacted between $0.645 and $0.67. Impressive!

Dodo · 13-07-2012, 08:51 AM

http://www.businesstimes.com.sg/premium/...-his-stake

PUBLISHED JULY 13, 2012
Viz Branz founder denies possible sale of his stake
This puts spotlight on his son, who is also a substantial shareholder

**CityFarmer** · 13-07-2012, 09:30 AM

Among the two (2) Chng, the CBB (son) seem is the softer side, which always gave way to his father. Will he give up this time and decide to sell all his shares?

Will the change of management after the sale, affect the biz of Viz branz?

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